Plug Power Inc
$4.34B- Market cap
- $3.16B
- Debt
- +$1.55B
- Cash
- −$368.54M
Capital structure 67% equity / 33% debt · EV / Revenue 6.11x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $3.16B · View financials
Snapshot Sep 8, 2026, 4:00 PM ET
Decision snapshot: PLUG stock price vs BSY: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BSY's multiple
Needs BSY P/S.
Implied fair value · at PLUG's multiple
Metric by metric
Price unavailable
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PLUG FY 2025 (ended Dec 31, 2025) · BSY FY 2025 (ended Dec 31, 2025).
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Market cap plus debt, less cash.
Capital structure 67% equity / 33% debt · EV / Revenue 6.11x
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PLUG POWER INC · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
BENTLEY SYSTEMS, INCORPORATED · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.58x
1.05x
Net debt / EBITDA
Leverage against operating earnings
-0.81x
2.82x
Cash and equivalents
Liquid reserves on the balance sheet
$368.54M
$123.28M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$1.55B
$1.25B
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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